Summary - 8 KEY GARDENS WOLVERHAMPTON WV10 0AR
2 bed 2 bath Apartment
Ready-made investment with tenant in situ and strong gross yield potential.
Two bedrooms, two bathrooms including ensuite
A practical two-bedroom, two-bathroom apartment in Key Gardens — set within a modern red-brick development built 2003–2006. The flat (approx. 636 sq ft) has double glazing, gas central heating and one allocated off-street parking space. With an EPC B and 131 years remaining on the lease, it's ready for a landlord to take on immediately.
The property is currently let at £900 pcm (tenant in situ), which equates to about £10,800 pa against the asking price of £99,950 (approximate gross yield c.10.8%). Layout includes entrance hall, living room, kitchen, master with ensuite, second bedroom, main bathroom and useful storage — sensible for professional sharers or a family. Local amenities, schools and transport links are close by, and broadband/mobile connectivity is strong.
Key negatives are factual and material: the neighbourhood records very high crime and sits within a very deprived area classification, factors that may affect long-term capital appreciation and tenant profile. This is a leasehold property with an annual ground rent of £300 and council tax described as low. The block appears well maintained but prospective buyers should verify service charges and inspect for any building-level issues.
Overall this is an investor-friendly, low-maintenance modern apartment with an income stream in place. Buyers seeking long-term uplift should weigh the strong immediate yield against local socio-economic challenges and the leasehold obligations.
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